To The Moon

Elliott Wave View: NVDA Bullish Momentum Looking for More Upside May 23, 2023 By EWFHendra Short term Elliott Wave View in Nvidia Corporation (ticker: NVDA) suggests that rally from 4.26.2023 low is unfolding as a 5 waves impulse Elliott Wave structure with extension. Up from 4.26.2023 low, wave ((i)) ended at 290.58 and dips in wave ((ii)) ended at 272.40. Stock has resumed higher in wave ((iii)) which subdivides into another 5 waves in lesser degree. Up from wave ((ii)), wave i ended at 276.6 and wave ii ended at 273.80. Wave iii ended at 287.55, pullback in wave iv ended at 283.50, and final leg wave v ended at 292.20 which completed wave (i). Pullback in wave (ii) ended at 280.42 with internal subdivision as a zigzag structure. Down from wave (i), wave a ended at 284.5, wave b ended at

Perhaps because of the Treasury issue, traders are so busy with the VIX that it's rare to see the big stock order, by which I mean one that can determine the direction of the future.On May 9, there was a set of spread strategies (Sell in May? Sell put in May!) , is bullish on MSFT into September, but the volume is not heavy (only a few million) compared to previous trading and shows a lack of confidence in the stock rally (sell call hedge buy call) :But as the Treasury saga unfolded and more information became available, Wall Street bosses began to let loose:buy $MSFT 20230915 300.0 CALL$This order is very generous, with traders buying cal

Debt talks between Biden and McCarthy have gone from no progress to productive in the last 7 days and US stock market has experienced a roller coaster trend.Here’s the timeline of the negotiations between Biden and McCarthy:May 16: McCarthy Said There Was No Progress on Debt Ceiling TalksDetails: House Speaker Kevin McCarthy said Monday there’s been “no progress” on debt ceiling talks ahead of a meeting with President Joe Biden on Tuesday at the White House, as the country pushes closer to a crisis over the need to raise its legal borrowing limit.Compounding pressure on Washington to strike a deal, the Treasury Department on Monday left unchanged a deadline as soon as June 1 when the nation will have exhausted its ability to cover its debt payments, though Secretar

It came as a “surprise” that China has decided to ban $Micron Technology(MU)$ chips from being imported into China, citing the “US often used alibi” of “national security” as the reason. This came about after a security review conducted by the Cyberspace Administration of China. The ban is on operators of “critical information infrastructure” in China from buying products from the US chip giant. China’s Top Semiconductor Chip Supplier: $Intel(INTC)$ Samsung SK Hynix Micron Technology - it is the 4th largest supplier of chips to the Chinese market. $Qualcomm(QCOM)$ What Is Unknown? With the announcement coming out of the blue, there are still many unknows: Duration